Go to end of page
Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.
Ozzie made more than $31M during his MLB career, so he shouldn't be broke. Guess he isn't very sentimental about awards hardware.
Ozzie Smith sells Gold Gloves for cash
So let's do simple maths. Gross $31 mil, taxes(U.S. rates, I'm guessing, let's say 40% on average), so that's $12 mil gone, agent(what 5-10%), so that's another $4 mil let's say. Divorce, wife gets half of leftover, so that's another $7 mil. He's left with $8 mil to live on for the next 40 years...it really ain't too much if you make a bad investment or two. That house in Laguna Niguel could easily run you $3-4 mil and if you bought at the wrong time; well....
That would also assume that his living expenses over the last 35 years were zero.
There was an SI article about how quickly many or most athletes go broke. It's amazing. You guys should read it. The average new millionaire athlete is like the average lotto winner, just hellaciously stupid with spending and investments, stupendously prone to fraud. They often invest virtually none of their money in the market and all of it in supersketchy small businesses and such.
I was surprised to see that he had been given 2006/2011 world series rings, since I was under the impression that his spat with LaRussa meant that he wasn't going to have anything to do with the franchise until TLR left. I certainly can't remember him being around at all those years, other than the occasional "drop by the booth and chat" kind of thing. Never saw him at spring training, etc.
no one has hired him for one of those high-paying announcer jobs or even as a coach since he's retired.
The Cardinals award WS rings to their living HOFers. Essentially he got those because he's a made man.
You must be Registered and Logged In to post comments.
Login to Join (1 members)
Page rendered in 0.4377 seconds, 57 querie(s) executed